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michele19
New Member

In turbotax premier 2020, rental property is not listed under deductions and credits. How to I enter this information?

Turbo tax helps says Answer Yes to the question Did you have any rental or royalty income and expenses in 2020 for property you own?  That question does not come up
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2 Replies
ThomasM125
Expert Alumni

In turbotax premier 2020, rental property is not listed under deductions and credits. How to I enter this information?

You need to use the following menu tabs in TurboTax to enter your rental income and expenses:

  1. Your Income and Expenses
  2. Rental, Royalties, and Farm
  3. Rental Properties and Royalties(Sch E)

Just work through that section to enter your rent income, rental property cost and expenses associated with the rental. 

 

 

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In turbotax premier 2020, rental property is not listed under deductions and credits. How to I enter this information?

It's not under Deductions but under Income.  Rentals go on Schedule E.   Just type rental into the search box and you can jump to Schedule E.  Here I made a screen shot for Online Premier

 

Jump Rental.jpg

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